Quadrise PLC (AIM:QED) jumped another 20% as it reported the results of engine tests on prototypes of its ‘bioMSAR’ marine diesel alternative including a new 100% biofuel.
The tests, using bioMSAR formulations on the company's 40kW 4-Stroke Cummins diesel engine generator installed at Aquafuel Research, confirmed them as viable non-fossil and low-fossil fuels that cut emissions, improve engine efficiency and reduce fuel costs, it said.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has highlighted support received for a pipeline project in Alaska that promises to boost its assets on the North Slope.
The Alaska Industrial Development and Export Authority (AIDEA) has approved a resolution to negotiate a letter of credit with the Alaska Gasline Development Corporation (AGDC), the company noted in a statement.
Stifel has reaffirmed its ‘buy’ recommendation for Chariot Ltd (AIM:CHAR, OTC:OIGLF) following the establishment of a $100 million guarantee finance facility for its 49%-owned subsidiary, Etana.
Chariot announced the funding to support renewable power generation projects targeting commercial and industrial users across South Africa's national grid.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) is well-positioned to capitalize on the opportunities within Colombia after delivering its strongest quarter to date, driven by significant growth in both production and financial performance.
Highlights from the third quarter ended September 30, 2024 included net income of $6.7 million and adjusted EBITDA of $15.9 million, marking a 62% year-on-year increase.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) told investors it saw 96,324 barrels of oil equivalent production from its non-operated assets in North Dakota during the third quarter.
The daily rate from the Williston Basin wells averaged 1,047 barrels per day (boepd), it said. This is in line with management expectations, though it includes a natural decline from the preceding three months.